Ether / USD may fall to 2502 - 2530

Our pivot point stands at 2631.

Our preference

The downside prevails as long as 2631 is resistance.

Alternative scenario

The upside breakout of 2631, would call for 2679 and 2708.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2611 and 2620). Finally, the Ether / Dollar has penetrated its lower Bollinger band (2593).

Supports and resistances

2708 **

2679 *

2631 **

2613

2587 last

2530

2502 **

2473 *

2445 **

Number of asterisks represents the strength of support and resistance levels.